2010 (6) TMI 829

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....SRI.K.ANAND JUDGMENT Ramachandran Nair, J. The question raised in the appeal filed by the department is whether Tribunal was justified in cancelling addition towards difference in the opening stock and closing stock amounting to above ₹ 80 lakhs. We have heard Senior Standing Counsel appearing for the appellant and Senior counsel Sri.V.Ramachandran appearing for the respondent. 2. Sin....

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.... hands of the subsidiary company. Standing Counsel appearing for the appellant submitted that assessee is contesting in appeal the protective assessment of the subsidiary company before the Tribunal and they have raised a ground pertaining to the closing stock of that year. Counsel appearing for the assessee submitted that ground pertaining to the opening stock addition of the subsidiary company w....